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in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it is 2.6. that doesn't sound like much but because of compounding it adds up. adam: dan, i don't think there is any danger we become greece or france in a lot of ways. we're not a socialist country yet and greece is a whole different ball of wax. rich, the discussion about the economy, the spending cuts that they're talking about do put people out of work and that would have a negative effect on the economy, would it not? >> it would, adam. real quick, a bit of news here. president obama will deliver a statement at 4:45, something i imagine we'll cover live here on
in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it...
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Dec 28, 2012
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government bonds still have a role. government bonds with credit on top if you like. so we were one of the first private banks to buy ultra long corporate bonds normally held by pension funds reflecting the fact that you have above average risk premiums and potential risk correlation. so that's attractive. an area that's really suffered, ctas. >> ctas? >> ctas really suffered. >> what are ctas? >> commodity trading advisers is what they're short of. it's a style of hedge fund management and it did very well in '08 and '01 or '2. they've struggled for a couple of years. but still importantly they still have a negative correlation. >> i'm just wondering what happens with the cliff impact on gold. you know, if we find the cliff solution, if we find a mediocre solution, if we find no solution, are we going to see a huge swing in the price of gold? >> well, gold has a safe haven role. it has had a safe haven role just like other assets that you mentioned that could be hemgs against equity movements such as these safe haven bonds such as german ones, u.s. ones, maybe japane
government bonds still have a role. government bonds with credit on top if you like. so we were one of the first private banks to buy ultra long corporate bonds normally held by pension funds reflecting the fact that you have above average risk premiums and potential risk correlation. so that's attractive. an area that's really suffered, ctas. >> ctas? >> ctas really suffered. >> what are ctas? >> commodity trading advisers is what they're short of. it's a style of hedge...
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the opposition says it will not negotiate with the assad government. this comes one day before the united nations special envoy is expected in moscow. >> the condition of an indian medical student whose gang rape triggered mass protests has deteriorated. doctors treating her in singapore say there are signs now of organ failure. >> most rates and other sex crimes in india go unreported and offenders are rarely punished, but the brutality of this assault has triggered public outrage and demands for both better policing and harsher punishment for rapists. >> now, another new rate case that led to suicide has underscored further the need for action -- another new rape case. >> this woman is mourning the loss of her daughter. six weeks after being gang raped in her village in india, the 17-year-old girl succumbed to her despair and took her own life. her suicide note lists the names of the four perpetrators. for weeks, local police would not register the case. instead, they tried to force a settlement between the rapists and the girl's family. >> for almos
the opposition says it will not negotiate with the assad government. this comes one day before the united nations special envoy is expected in moscow. >> the condition of an indian medical student whose gang rape triggered mass protests has deteriorated. doctors treating her in singapore say there are signs now of organ failure. >> most rates and other sex crimes in india go unreported and offenders are rarely punished, but the brutality of this assault has triggered public outrage...
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the government taking extraordinary measures to keep the situation calm. the hospital authorities issuing this sad statement. >> in the past few minutes, they said the 23-year-old woman who is gay and raped december 16 has died. they had been warning the past few hours that she was suffering severe organ failure because of injuries she received in the attack. they have confirmed she has died. >> the government was trying to stop this rising wave of public anger across the country with some amazing scenes. on the streets of delhi, water cannons, protesters not giving in. this news, will that fueled the anger? >> i think the anger will rise considerably. protests on the streets in delhi, people furious at this case and what they see as a kind of rot where the police are not investigating sexual assault and rape properly and that the authorities in general are taking the whole situation regarding rape and sexual assault, they're not taking it seriously. in the past few days, many indian politicians have started issuing public statements, making clear they wil
the government taking extraordinary measures to keep the situation calm. the hospital authorities issuing this sad statement. >> in the past few minutes, they said the 23-year-old woman who is gay and raped december 16 has died. they had been warning the past few hours that she was suffering severe organ failure because of injuries she received in the attack. they have confirmed she has died. >> the government was trying to stop this rising wave of public anger across the country...
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hedge fund managers rating agencies governments the local government here in cameron and they commit acts of fraud and terrorism and they're lauded as being somehow trustworthy and by the way u.b.s. ripped off our good friend slacks miser. they did it was a very dodgy deal there but they're saying here now there's a confusion amongst the likes of jeremy warner in the telegraph there's a confusion by a certain property developer here in soho about whether or not they're engaged in any sort of criminal activity now u.b.s. this settlement is for the swiss bank the u.s. bank and in japan and they cite for example that there was a broker in japan who was apparently open in admitting his crimes anyway in his e-mails on september eighteenth two thousand and eight he explained to a broker who was submitting the libeler bid he said quote if you keep sixes i.e. the six month japanese libel rate unchanged today i will do one humongous deal with you like a fifty thousand buck deal whatever i need you to keep it as low as possible if you do that i'll pay you you know fifty thousand dollars one hu
hedge fund managers rating agencies governments the local government here in cameron and they commit acts of fraud and terrorism and they're lauded as being somehow trustworthy and by the way u.b.s. ripped off our good friend slacks miser. they did it was a very dodgy deal there but they're saying here now there's a confusion amongst the likes of jeremy warner in the telegraph there's a confusion by a certain property developer here in soho about whether or not they're engaged in any sort of...
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the government taking extraordinary measures to keep the situation calm. the hospital authorities issuing this sad statement. >> in the past few minutes, they said the 23-year-old woman who is gay and raped december 16 has died. they had been warning the past few hours that she was suffering severe organ failure because of injuries she received in the attack. they have confirmed she has died. >> the government was trying to stop this rising wave of public anger across the country with some amazing scenes. on the streets of delhi, water cannons, protesters not giving in. this news, will that fueled the anger? >> i think the anger will rise considerably. protests on the streets in delhi, people furious at this case and what they see as a kind of rot where the police are not investigating sexual assault and rape properly and that the authorities in general are taking the whole situation regarding rape and sexual assault, they're not taking it seriously. in the past few days, many indian politicians have started issuing public statements, making clear they wil
the government taking extraordinary measures to keep the situation calm. the hospital authorities issuing this sad statement. >> in the past few minutes, they said the 23-year-old woman who is gay and raped december 16 has died. they had been warning the past few hours that she was suffering severe organ failure because of injuries she received in the attack. they have confirmed she has died. >> the government was trying to stop this rising wave of public anger across the country...
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iraqi government is not just shia government or a government run by mr maliki they are growing very strong partner that you see prime minister is from and there are clear. and many of the ministers like mr elise . who is at rest of his bodyguard started this entire episode of controversy is with an iraqi and they are sunni so i don't think you know it's very similar to other countries because that is less united there is this unity among iraqis about bringing down the government and most of their larger political parties are already participating in the government and there are. some possibilities that the iraqi political process entirely might collapse if there were more violence by iraq iraq's prime minister cannot be called a particularly pro-american leader given the country's vast oil riches just how interested might washington and its allies been having another more friendly government in iraq. the u.s. is definitely very disappointed in the fact that they lost most of their allies in iraq the u.s. invaded the country decades ago hoping that they will instance a pro-american regime i
iraqi government is not just shia government or a government run by mr maliki they are growing very strong partner that you see prime minister is from and there are clear. and many of the ministers like mr elise . who is at rest of his bodyguard started this entire episode of controversy is with an iraqi and they are sunni so i don't think you know it's very similar to other countries because that is less united there is this unity among iraqis about bringing down the government and most of...
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so thousands of sunni muslims in iraq have joined protests against the shia led government the rallies are the largest public anger in a week of demonstrations that flared up after the arrest of at city finance ministers bodyguards sunni's who controlled iraq until the fall of saddam hussein ten years ago accuse the shia authorities of refusing to share power and they sectarian strife is just part of a wider conflict which has recently seen some of its worst violence since the iraq war and. iraqi american blogger and political analyst told me that the foreign invasion has helped to create instability unfortunately is another example of. u.s. interventions decades after the us invaded the country and destroyed it and promised everyone on the wall down in iraq that it will build functioning democracy but everyone will be happy living in peace and prosperity became one of the water places to live on earth the country is completely destroyed the society has been destroyed the infrastructure has been this destroyed five million people have been displaced and a million people were killed. th
so thousands of sunni muslims in iraq have joined protests against the shia led government the rallies are the largest public anger in a week of demonstrations that flared up after the arrest of at city finance ministers bodyguards sunni's who controlled iraq until the fall of saddam hussein ten years ago accuse the shia authorities of refusing to share power and they sectarian strife is just part of a wider conflict which has recently seen some of its worst violence since the iraq war and....
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say [indiscernbile] >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest -- pass the senate bill. you want to correct a glitch in the senate bill from a procedural viewpoint, it will pass the house, which will include a tax decrease on the first $200,000 of income of an individual or $250,000 for a family. we could do that immediately
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...
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from now though russia the syrian government to act on statements that it's ready to talk to opponents speaking to journalists foreign minister sort of get off it off outlined the russian view on how the conflict should be resolved. we actively encourage the syrian leadership to make as concrete as possible is declared readiness for dialog with the opposition also asking when will the international community make up their minds that bashar assad should go with respect to the international community is the syrian people who should make that decision and the international community should not be instigating one of the sides to continue bloodshed or set any preconditions they should instead encourage all the fighting sides to follow the geneva statements which set conditions for the syrians themselves getting all political ethnic and religious groups to agree on which kind of state they want to live in. also criticized the deep reluctance of syria's key opposition group backed by the west to make any concessions in the civil standoff but he stressed that russia is ready to hold talks with
from now though russia the syrian government to act on statements that it's ready to talk to opponents speaking to journalists foreign minister sort of get off it off outlined the russian view on how the conflict should be resolved. we actively encourage the syrian leadership to make as concrete as possible is declared readiness for dialog with the opposition also asking when will the international community make up their minds that bashar assad should go with respect to the international...
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government is sponsoring some of the political protests against president putin's presidency. so we're in that kind of phase that unfortunately we're in very frequently in the u.s.-russian relationship. if we look back over the last 20 years, since the collapse of the soviet union, we've constantly tried to reset the relationship with russia and time and again after a brief period of you poor ya about a new partnership or start, we end up within several months to a year of being right back again to some kind of spot over spying, over legislation that's perceived as a double standard by the russians or over some large issue. there's many irritants, unfortunately, in the relationship. >> suarez: fiona hill, lauren koch, thank you both. >> thank you. >> brown: next, the european financial crisis as it's playing out at street level. i had a chance to see for myself recently on a reporting trip to athens. for nearly two decades, stelios karagilanis, a father of two, headed a family-owned construction company. today, his business closed, he is forced to accept free medical care and
government is sponsoring some of the political protests against president putin's presidency. so we're in that kind of phase that unfortunately we're in very frequently in the u.s.-russian relationship. if we look back over the last 20 years, since the collapse of the soviet union, we've constantly tried to reset the relationship with russia and time and again after a brief period of you poor ya about a new partnership or start, we end up within several months to a year of being right back...
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dark truths like operation northwoods a government plan drafted to stage an attack and kill americans to preempt in the cuban invasion in the sixty's the j.f.k. assassination nine eleven or the fact that what the government tells us is safe to eat is really killing us about the fact that the corporatocracy rapes and pillages the earth simply for profit without a care for the fate of humanity or this precious and environment and the establishment pushes religion and political dogma to stifle a collective consciousness from growing one that may phase them out but ultimately finding the truth is up to you the decision you have to make and nothing else will ever be more important than this decision so do you shop all down your mind and subscribe to old school paradigms or do you liberate yourself by of knowledge in reality sure the road would lose its innocence but what if you would rather know the truth. killing the kid with no intervention will save the children the. truth it's good to see. the opinions that you think are great. truths to stories to. transfer your access to. good labora
dark truths like operation northwoods a government plan drafted to stage an attack and kill americans to preempt in the cuban invasion in the sixty's the j.f.k. assassination nine eleven or the fact that what the government tells us is safe to eat is really killing us about the fact that the corporatocracy rapes and pillages the earth simply for profit without a care for the fate of humanity or this precious and environment and the establishment pushes religion and political dogma to stifle a...
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which you know karzai government is really not popular in afghanistan and if you look at the people that are competent around him the u.s. military and u.s. forces that are that are his bodyguards i mean what the united states is afraid of is that once the u.s. pulls out it's going to be taliban control the only way that they can actually avoid this is not by staying to twenty fourteen it's actually extending this deadline twenty two and we just heard blackwater bases the camp integrity of that giant contract between the special operations troops there and of course just the enormous amount of people who have died this year since obama got elected actually let's talk about drones the expansive expansion of drones i feel like this year i've heard more about drones than any other year i mean it's just seems like it's just as late every country has them we're sending drones a spy in iran you know at the extra judicial assassination judge jury executioner these drones are just it's the new face of war they're everywhere into the credit of the american corporate media they have been cove
which you know karzai government is really not popular in afghanistan and if you look at the people that are competent around him the u.s. military and u.s. forces that are that are his bodyguards i mean what the united states is afraid of is that once the u.s. pulls out it's going to be taliban control the only way that they can actually avoid this is not by staying to twenty fourteen it's actually extending this deadline twenty two and we just heard blackwater bases the camp integrity of that...
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however, some complain that is a foreign concept to our government. correspondent william la jeunesse explains the push for national yard sale. >> amtrak to vacant buildings like these in california many wonder if the federal government should sell what it doesn't need. >> so instead of raising taxes that takes money out of the economy and loafers activity, we should look to sell federal assets. >> empty v.a. hospital in los angeles for $5 billion or part of the water front former military base in san francisco. both cases, politicians said no. they want to make sure they are taken care of. sometimes it gets in way of what is best for the nation. >> federal government is america biggest landlord. selling 20% of the empty or underperforming buildings would save $2 billion. you go through and clear it out. it's a matter of scale. defense refused to sell valuable public land adjacent to fast-growing city. without charging royalties like we do for oil and natural gas. selling amtrak could net $60 billion. the tennessee authority and the power would bring
however, some complain that is a foreign concept to our government. correspondent william la jeunesse explains the push for national yard sale. >> amtrak to vacant buildings like these in california many wonder if the federal government should sell what it doesn't need. >> so instead of raising taxes that takes money out of the economy and loafers activity, we should look to sell federal assets. >> empty v.a. hospital in los angeles for $5 billion or part of the water front...
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over half of the world wide web should be governed proposals between moscow and beijing recently been rejected at a major un conference with critics accusing them of trying to impose on line censorship so r.t. asked russia's communications minister what moscow exactly is suggesting. nothing about censorship in those documents as well as there is nothing about censorship in the film or of protecting children from child pornography to drugs and suicide in russia there's nothing about censorship probably those global. leaders which are making billions out of the internet economy they would prefer that the internet is just some kind of this. uncontrolled. development. information exchange. and you can watch either for that if you were russia's communications minister after the short break. was. the was. in the only glow of russia's no crew way from civilization or any three hour helicopter train from the nearest village. so they stole one family have been living here for a long time in tents made of reindeer skins. so having said. lodging runs in a signal and minutes they also grew up in
over half of the world wide web should be governed proposals between moscow and beijing recently been rejected at a major un conference with critics accusing them of trying to impose on line censorship so r.t. asked russia's communications minister what moscow exactly is suggesting. nothing about censorship in those documents as well as there is nothing about censorship in the film or of protecting children from child pornography to drugs and suicide in russia there's nothing about censorship...
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to sell even more weapons many dealers hype up the gone apocalypse scenario so the banks and their government. to start not only started. but many of them don't actually see any drastic changes happening any time soon after all any significant gun control measures enough that in the past ultimately clashed with the second amendment of the constitution and were subsequently scrapped. i'm going to check out. and i want a group in utah has come up with their own unique way to prevent more shootings by giving more guns to teachers in schools that the gun rights advocates have decided to launch shooting lessons for teachers in case of an emergency you can get your comment on this by going to teach dot com. ok wow. this is iran is holding a fresh round of naval drills in the strait of hormuz one of the world's busiest oil routes the six day war games come as the west builds up pressure on iran over its nuclear program and amid speculations of a war professor mohammad marandi from the university of tehran says he doesn't think iranians expect any soon time battle. in the sense that western countries
to sell even more weapons many dealers hype up the gone apocalypse scenario so the banks and their government. to start not only started. but many of them don't actually see any drastic changes happening any time soon after all any significant gun control measures enough that in the past ultimately clashed with the second amendment of the constitution and were subsequently scrapped. i'm going to check out. and i want a group in utah has come up with their own unique way to prevent more...
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thousands of sunni muslims in iran have joined protests against the sheer led government of the rallies are the largest public anger is a week of demonstrators that flared up after their arrest of a sunni finance ministers bodyguards many sunni is a who is community dominated iraq until the fall of saddam hussein ten years ago a key is shi'a cheer for it is of refusing to share power. a teenager has committed suicide after being gang raped by three men local police have arrested the suspects named in a so side note left by the victim so two officers had previously been fired for allegedly pressuring the woman to drop the case they said and happened amid mass outrage and protests over the rising number of victims of violent crimes against women. the international monetary fund raising the alarm over germany's reported austerity plans which up opposed to come into force after next year's elections the measures will apparently include raising the retirement age tax hikes and welfare cuts that could bring europe to a grinding halt according to the i.m.f. or his piece on how small. the top o
thousands of sunni muslims in iran have joined protests against the sheer led government of the rallies are the largest public anger is a week of demonstrators that flared up after their arrest of a sunni finance ministers bodyguards many sunni is a who is community dominated iraq until the fall of saddam hussein ten years ago a key is shi'a cheer for it is of refusing to share power. a teenager has committed suicide after being gang raped by three men local police have arrested the suspects...
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government for alleged money laundering already the bank is back in court charged with predatory lending in three counties in the state of georgia do they have a fighting chance. it's thursday december twenty seventh eight kim in washington d.c. as in you're watching r t we begin tonight in buffer a country that's played a major role in the arab spring uprisings but one that is often overlooked in news coverage while the world watched egypt and libya topple their dictators the people of bahrain have had a different narrative now to give you some background as a small island nation off the coast of saudi arabia in the gulf it's been under the rule of the all khalifa family for more than two hundred years the country is a major headquarters for the u.s. navy during its leaders in support of both saudi arabia as well as the u.s. . so while the u.s. government condemns the actions in syria many allege is also threatening ours to bahrain to quell the violence there r.t. international correspondent alexei you're obsessed game brings us the latest from this and battled nation when it came to su
government for alleged money laundering already the bank is back in court charged with predatory lending in three counties in the state of georgia do they have a fighting chance. it's thursday december twenty seventh eight kim in washington d.c. as in you're watching r t we begin tonight in buffer a country that's played a major role in the arab spring uprisings but one that is often overlooked in news coverage while the world watched egypt and libya topple their dictators the people of bahrain...
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thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate to end the uncertainty. >> economists say it is possible, though, this new terminology to step over if you will the cliff. that means lawmakers will reach some kind of a deal a few weeks after the new year begins. >>> retailers are bracing for more bad news as thousands of workers at u.s. ports are preparing to strike. jackie deangelis live with that story and more. jackie? >> good morning, aaron. time is running short to avoid a possible strike this weekend at more than a dozen east and gulf coast ports stretching from maine to texas. more than 14,000 long shore men could walk off the job when their contract expires tomorrow in a long-running pay dispute with shippers. the biggest sticking point is over container royalties which are
thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate to end the uncertainty. >> economists say it is possible, though, this new terminology to step over if you will the cliff. that...
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people who believe in government will remember it. people who believe in national defense and social security and medicare. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who respects the voter and who thumbs his nose at the voter. we go over this cliff and you will not have to ask for whom the bell tolls, it will be tolling for you. leading off tonight, josh green and chris frates of "national journal." you don't have to be as clear as i but try, gentlemen, tonight. it looks to me like one party, once again it's asymmetric. both parties are not screwing around, one is. is that true? >> i think both parties want to go over the cliff. >> both want to go over the cliff? who will get blamed? >> i think republicans will get blamed, but i think republicans at this point fear casting a career-threatening vote to raise taxes instead of waiting four days and letting the cliff -- >> and then they can technically say -- >> they're voting for a tax cut. >> do they presume t
people who believe in government will remember it. people who believe in national defense and social security and medicare. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who respects the voter and who thumbs his nose at the voter. we go over this cliff and you will not have to ask for whom the bell tolls, it will be tolling for you. leading off tonight, josh green and chris frates of "national journal." you...
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>>> if you're worried we'll soon be governed by sharia law, have no fear. republicans are keeping us safe from something that was never going to happen anyway. that and other low lights there 2012 in the "sideshow." >>> and finally my hopes for the upcoming year, especially from the president. this is "hardball," the place for politics. >>> massachusetts congressman ed markey announced today his candidacy for the united states senate seat held by john kerry who president obama has nominated for secretary of state. markey is a friend and respected guest on "hardball" and has been in the house since 1976. he's the dean of the massachusetts delegation, and he has the best values of anybody i know in politics. if he gets the democratic nomination for the senate, he could wind up running against scott brown who won the seat in 2010, then lost it last month. the special election is likely to take place this june. we'll be right back. >>> welcome back to "hardball." when john boehner failed to bring his so-called plan "b" to a vote last week because he didn't have
>>> if you're worried we'll soon be governed by sharia law, have no fear. republicans are keeping us safe from something that was never going to happen anyway. that and other low lights there 2012 in the "sideshow." >>> and finally my hopes for the upcoming year, especially from the president. this is "hardball," the place for politics. >>> massachusetts congressman ed markey announced today his candidacy for the united states senate seat held by...
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was a tremendous emotional response and the guns were banned and those people who owned them and the government knew where they were because they were all registered were required to hand them in even the target shooting olympic team was not allowed to keep guns in the country and they had to practice and keep their guns abroad, but nonetheless, within the decade of guns being withdrawn from these people gun crime with handguns actually doubled and guns are really are awash on the streets and there's a fair amount of street crime using handguns which there hadn't been much of before, and it's beyond which was something that traditionally they never were. so it hasn't worked and what it has done and it's taken the guns away from the law-abiding people that might have used them to protect themselves or to do something else with legitimately. >> what do you say to people who look at united states and say, wow! random mass murderers -- i heard it today. random mass murders in the united states where some whacko killed a bunch of people he doesn't know seems to happen every six months in the united
was a tremendous emotional response and the guns were banned and those people who owned them and the government knew where they were because they were all registered were required to hand them in even the target shooting olympic team was not allowed to keep guns in the country and they had to practice and keep their guns abroad, but nonetheless, within the decade of guns being withdrawn from these people gun crime with handguns actually doubled and guns are really are awash on the streets and...
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we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >> s&p has been up. all other markets have pretty much been up on the year. do you think people who are checking their 401(k)s and what not, the pension plans, they don't really appreciate perhaps the gravity of what is about to hit them? >> no, they don't. most people surprisingly when you ask them how well they have done with their 401(k), they think they have done terrible but when they open their statements at end of the year they will be pleasantly surprised. one of the thing people have they have been scared and on the sideline. people making money a
we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >>...
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Dec 28, 2012
12/12
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and russia in november governing u.s. adoptions to russia, putting out responsibilities for both sides. so what they're saying is, let's please stick to that agreement. they're in close touch with those families, and they're hoping that at least these 50 or some odd cases should be resolved. they're asking parents that are in the pipeline, stay in touch with your adoption agency and also look at adoption.state.gov. we'll put that on our website. that's where parents can get the very latest information about this crisis. >> all right. elise, thank you very much. appreciate it. >>> americans whose adoptions are in imbow are very worried. they're even desperate for information. i want to talk to a family via skype. this is from dover, new jersey. this is jenny and josh johnston. they are in the process of adopting a child from russia. thank you very much for joining us here. i can only imagine -- i can't really imagine what you are going through here. the two of you already have three children, one of them adopted from ethio
and russia in november governing u.s. adoptions to russia, putting out responsibilities for both sides. so what they're saying is, let's please stick to that agreement. they're in close touch with those families, and they're hoping that at least these 50 or some odd cases should be resolved. they're asking parents that are in the pipeline, stay in touch with your adoption agency and also look at adoption.state.gov. we'll put that on our website. that's where parents can get the very latest...
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Dec 28, 2012
12/12
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CSPAN
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we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following planning fads' rather than doing what really works best for the american people, which is to let people choose how they want to live, how they want to get around, and pay for the cost of their. choices their but give them freedom of choice and let them do what they want. host: this is from wall street journal earlier this month -- guest: mental prices are on the rise in places that have land use restrictions like d.c., boston. they're not really on the rise in places that don't have land-use restrictions. in houston, the fas
we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following...
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Dec 28, 2012
12/12
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FBC
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the fiscal cliff is almost here and so is another government uncertainty. cheryl: the $16 trillion debt ceiling is living with the same thing among monday. of former t.a.r.p. treasury adviser, great to have you with this important day for the markets for the government for everyone, i want to talk about strategy. i was on the air wednesday afternoon at 4:30, tim geithner comes on and we are going to run into the debt ceiling, that is it. what did he stand to gain and what pressure is he putting on? >> she couldn't not tell us. he has an obligation -- [talking over each other] >> december 31st is new information. by the end of the year, and if it waited until the last minute -- didn't want it to be part of the fiscal cliff negotiations. it does kind of create ship republicans can use against president obama, get out of this deal as well. dennis: didn't tim geithner say all the deadline, december 31st, there's some stuff we will do. a few hundred billion here and there, trying to turn up the pressure on republicans. >> and official letter, the responsible tre
the fiscal cliff is almost here and so is another government uncertainty. cheryl: the $16 trillion debt ceiling is living with the same thing among monday. of former t.a.r.p. treasury adviser, great to have you with this important day for the markets for the government for everyone, i want to talk about strategy. i was on the air wednesday afternoon at 4:30, tim geithner comes on and we are going to run into the debt ceiling, that is it. what did he stand to gain and what pressure is he putting...
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Dec 28, 2012
12/12
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WRC
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but not on more government spending. they say they're waiting to see what democrats propose. >> see what the president has to propose. members on both sides of the aisle will review it. and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly, preventible economic crisis. >> the goal is still to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. some are saying the soonest a deal may come could wind up being january 3rd when the new congress takes over. reporting live in washington, i'm danielle lee. >> thank you, danielle. >>> millions of americans may watch the ball drop in times square, but a group of democrats is organizing its own ball drop on capitol hill. they will launch their countdown today. they say their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> going over the fiscal cliff could have
but not on more government spending. they say they're waiting to see what democrats propose. >> see what the president has to propose. members on both sides of the aisle will review it. and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly, preventible economic crisis. >> the goal is still to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. some are...
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Dec 28, 2012
12/12
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FOXNEWSW
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government officials ordering people within a two mile radius to prepare to leave. the same volodymyr erup volcand earlier this year. >>> china. a huge fish tank holding sharks burst wide open at a shopping mall. security video capturing the moment the glass broke. saturdays of glass covering some shoppers. local media reporting several people with injuries from cuts to a broken leg. some of those lem on sharks, fish around turtles died. that s a wrap on this fox trip around the world in 80 seconds. >> harris: more on the breaking news at this hour. the death of retired general norman schwarzkopf. his extraordinary life and military career, next. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and repl
government officials ordering people within a two mile radius to prepare to leave. the same volodymyr erup volcand earlier this year. >>> china. a huge fish tank holding sharks burst wide open at a shopping mall. security video capturing the moment the glass broke. saturdays of glass covering some shoppers. local media reporting several people with injuries from cuts to a broken leg. some of those lem on sharks, fish around turtles died. that s a wrap on this fox trip around the world...
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Dec 28, 2012
12/12
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no, we're not talk being our federal government, of course. we're talking about warren county, ohio, somehow lawmakers there have managed to keep the county debt free while growing their population and guess what? they say it's easy. joining us now to explain, commissioner of warren county, mr. dave young. okay, dave, there are five guys, four guys, pelosi, boehner, reid and mcconnell, along with president obama, who might want to watch this segment. how did you do it in warren county, ohio? >> well, we try to keep it simple. me and two others don't think this government stuff is all that hard. hard is being out of a job and not being able to make your mortgage payment. hard is having a sick child. running a government and living within your means, not hard. so really the folks in washington should try to put aside some of their own petty concerns and say, let's be a statesman. let's step up and try to do what's right for the country. >> eric: how did you do it? did you raise taxes? looks like you have a projected $20 million reserve fund for
no, we're not talk being our federal government, of course. we're talking about warren county, ohio, somehow lawmakers there have managed to keep the county debt free while growing their population and guess what? they say it's easy. joining us now to explain, commissioner of warren county, mr. dave young. okay, dave, there are five guys, four guys, pelosi, boehner, reid and mcconnell, along with president obama, who might want to watch this segment. how did you do it in warren county, ohio?...
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Dec 28, 2012
12/12
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FOXNEWSW
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that is bad way to run the government. gregg: mary katherine, no way to run a government but we've been saying that for 200 years. and i have too. but, mary katherine, look, what does it say about boehner's leadership, when he can't even get a vote on his own plan? >> no, i think that was a good opportunity for republicans to pass something. i think many of them made a mistake in foiling that plan because i think it was a decent one that had good points even though they obviously didn't get everything they wanted. i still think this could go either way. you guys point out this is no way to run a government and hasn't been for 200 years. i argue part of the reason we get into these situations a lot more often past couple years, one, we're running out of the money. two because democrats in the senate have failed to engauge even semblance of a regular budget process. i would like to bring that back sometime in the near future. regardless i think this could go either way next couple days. it is encouraging they're meeting. it
that is bad way to run the government. gregg: mary katherine, no way to run a government but we've been saying that for 200 years. and i have too. but, mary katherine, look, what does it say about boehner's leadership, when he can't even get a vote on his own plan? >> no, i think that was a good opportunity for republicans to pass something. i think many of them made a mistake in foiling that plan because i think it was a decent one that had good points even though they obviously didn't...